Cirtek to expand production range

Jan 13, 2021

Cirtek to expand production range

The Manila Times By Faye Almazan

Cirtek Electronics Corp. looks to expand its production and increase its revenues with two major tier 1 customers for the full turnkey services of their new products, Quad Flat No Leads Package (QFN).

In a statement on Monday, the firm’s holding company, Cirtek Holdings Philippines Corp. (CHPC), said the QFN package is used for high volume products like smartphones, personal computers and laptops.

The firm said the devices are expected to be the main drivers of the global semiconductor industry for the year.

“The company is fortunate to be in an industry that is about to experience a revolutionary boom and we are very excited to take part in creating and shaping a new world as we emerge where technology and communications will be a main driving force as evidenced by this pandemic,” CHPC Vice Chairman Jorge Aguilar was quoted as saying in the statement.

Cirtek added that the second major capacity expansion involves a US-based global semiconductor company focused on gallium nitride high-power transistors and modules for high-voltage power conversion applications.

“The product is for intelligent power modules that will increase efficiency and reliability in energy power system, electric chargers for electric vehicles, power adapters and inverters,” the company explained.

Cirtek sees both businesses contributing an additional volume of production increase by 20 percent.

It also cited the World Semiconductor Trade Statistics, which predicts semiconductor sales to accelerate by 8.4 percent in 2021 to reach a revenue of $469 billion.

Meanwhile, Quintel USA Inc. is expected to release a new line of C-Band antenna family early this year.

This is following a successful auction last year when the US Federal Communications Commission (FCC) released its latest 5G (fifth-generation) spectrum for sale, making available 280 megahertz of prime mid-band frequencies in the 3.7- to 3.98-gighertz range, a portion of the new 5G C-Band.

“Having been focused the entire 2020 on research and development, as well as new product introductions, Quintel is poised to capture the next revolution in telecom and connectivity known as 5G,” Cirtek said.

Cirtek Advanced Technology and Solutions, on the other hand, looks to roll out its 5G chipset for mass production.

Shares of CHPC rose 87 centavos or 11.8 percent to close at P8.24 each on Monday.

  • Aug 16, 2021

    Cirtek raises P1.37-B to finance debt, support units

    Published by Daily Tribune

    Cirtek Holdings Philippines Corporation (TECH) has raised P1.37 billion from the stock price offering of 249 million shares on Monday.

    The company intends to use the proceeds from the offer to partially retire its short-term obligations and refinance the working capital of its subsidiaries, Quintel USA, Cirtek Electronics Corp. (CEC), and Cirtek Advanced Technologies and Solutions, Inc. (CATSI).

    “I understand that Cirtek is eyeing new markets that would expand the product portfolio of its subsidiaries. With these activities, Cirtek’s units are well-positioned to bene...

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  • Jul 02, 2021

    PSE approves Cirtek’s P1.37-b rights offering

    By Jenniffer B. Austria Manila Standard

    Cirtek Holdings Philippines Corp. obtained the approval of Philippine Stock Exchange Inc. on its planned P1.37-billion stock rights offering with bonus detachable warrants.

    Cirtek said in a disclosure to the stock exchange it set the final price of the rights offering at P5.50 and the final exercise price for the bonus detachable warrants at P5.50.

    The company plans to issue and list 249.44 million rights shares and another 249.44 million bonus detachable warrants with 249.44 million underlying common shares.

    Investors who hold common shares of Cirtek as...

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  • Mar 11, 2022

    Cirtek bags green sustainability certification

    Published by Malaya

    Cirtek Holdings Philippines Corp.’s subsidiaries Cirtek Electronics Corp. (CEC) and Cirtek Advanced Technology Solutions Inc. (CATSI), have recently passed their ISO 14000 audits with zero non-conformance.

    The certification provides assurance a company effectively established and maintains adequate environmental standards as well as management systems.

    Organizations holding an ISO 140001 certificate adhere to the international environmental laws and regulations, run their operations with the aim of preventing pollution, and continuously strive to improve its environmenta...

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